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Oct 15, 2012
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>> when china entered the wto. wages in china were 58 cents an hour. at 58 cents an hour it was simple decision to outsource to china. what happened, laws of supply and demand work everywhere and wages in china have risen 15 to 20% a year. that takes costs up. the ability of the u.s. to produce because we have an economy that works different than any other economy. we are not based on protectionism. we're based on competition. melissa: so the market works at the end of the day wages will go up in china bringing these jobs back because ostensibly people will realize if you get the labor for the same price makes more sense to make it here. we have our standards. you know what you're getting. how long will that take? by that time will we have any trained workers who are still good at manufacturing jobs? >> that is the big problem. right now we have a work force is trained enough. the average age after highly skilled manufacturing worker is 56 years. that is the average. a significant amount over 56 years old. so we have to invest in training now so at the
>> when china entered the wto. wages in china were 58 cents an hour. at 58 cents an hour it was simple decision to outsource to china. what happened, laws of supply and demand work everywhere and wages in china have risen 15 to 20% a year. that takes costs up. the ability of the u.s. to produce because we have an economy that works different than any other economy. we are not based on protectionism. we're based on competition. melissa: so the market works at the end of the day wages will...
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. >> as far as attacking countries china. i've been on several seg naents with china. do not underestimate their capability. north korea is ankle biter. best at defending, united states in a lost areas. the banks have become very good at this and a lot of sensitive installations private sector have a lot more to lose. no one person is good at it. you have to stay on top of it. it evolves every day. melissa: thanks a lot. for coming on tonight. here is our question of the day, how concerned are you about cyber attacks hitting your bank. many of you say you're very concerned. like us on facebook or follow me on twitter at melissaafrancis. a $150 million in taxpayer dollars up in smoke. a electric car battery plant get as huge grant from the federal government. it hasn't produced a single battery in two years. we'll explain that coming up next. >>> plus wall street banks poured money into barack obama's 2008 campaign but now not so much. it could be his biggest financial enemy. "piles of money" coming up but not for the president. ♪ ♪ . melissa: so another day another
. >> as far as attacking countries china. i've been on several seg naents with china. do not underestimate their capability. north korea is ankle biter. best at defending, united states in a lost areas. the banks have become very good at this and a lot of sensitive installations private sector have a lot more to lose. no one person is good at it. you have to stay on top of it. it evolves every day. melissa: thanks a lot. for coming on tonight. here is our question of the day, how...
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in china. foxconn is denying the report. they have had major problems. >>> netflix shares surged more than 10% on the news closing at highest price since july. >>> our top story tonight, gas prices in california hitting another all-time high. now they have reached a record breaking $4.67 an average but some stations are charging close to 7 bucks. now get this. police are dealing with gas thieves stealing from stations. is there any end in sight? fox news's adam housley is live in los angeles with more. adam, what is going on out there in california? >> yeah, you mentioned the gas thieves. that is actually been a report that has been picked up over the last few days. we've heard of people having their gas siphoned out of gas tanks. that happens every once in a while but numbers seem to picked up a bit. in roseville, california, up by sacramento, number of gas stolen from stations. stations reported it wasn't taken but someone tried to. in a shell station, they drove up with a pickup truck and 30
in china. foxconn is denying the report. they have had major problems. >>> netflix shares surged more than 10% on the news closing at highest price since july. >>> our top story tonight, gas prices in california hitting another all-time high. now they have reached a record breaking $4.67 an average but some stations are charging close to 7 bucks. now get this. police are dealing with gas thieves stealing from stations. is there any end in sight? fox news's adam housley is live...
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Oct 13, 2012
10/12
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does it matter we're borrowing all this money from china? does it makehem more powerful? >> it does. that is something we should have a concern of, how much money we're borrowing from other nations. it affects american pride. we don't wa to be beholden to any one nation and don't want to be beholden to nations that ask for their debt back or payment back or exude power over us. we don't want that. i think as americans we're always used to being on top of the world, on top ofhe game, having a world leader and being a leader in the world and the world having the best world economy. so it kind of puts us in a vulnerable state. i don't think any american likes at. we want to be back on top april prideful of our nation. melissa: i don't know. it will take a long time to pay that money back. thanks for coming on the show. >> thank you. melissa: joe biden and paul ryan brawled over the economy and taxes in last night's debate. did either hit home with any undecided voters? are there any undecided voters left. hold onto your hats, ann coulter joins us with her take. that is next.
does it matter we're borrowing all this money from china? does it makehem more powerful? >> it does. that is something we should have a concern of, how much money we're borrowing from other nations. it affects american pride. we don't wa to be beholden to any one nation and don't want to be beholden to nations that ask for their debt back or payment back or exude power over us. we don't want that. i think as americans we're always used to being on top of the world, on top ofhe game,...
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Oct 31, 2012
10/12
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to tell people have confidence in our main industry which is the oil industry while they sell 22% to china and 14% to japan and 1% to india. melissa: doctor, thanks so much for coming on and cutting through all the noise. i really appreciate it. hope you come back soon. >> anytime, melissa. thank you. >> superstorm sandy causing major turbulence for airlines. more than 15,000 flight cancellations are pounding the travel industry. you see why as you see cabbed sub irge ined and trains surrounded by water. look at those cabs! they're not going anywhere anytime soon. look at that. all right. even when there is a superstorm at the end of the day it is all about money. we'll be right back. melissa: all right. let's get another check of superstorm sandy still wreaking havoc across the northeast hding right for western new york. jeff flock is out in point pleasant beach, new jersey, with the latest. jeff, boy, i can't believe you're still out there. how is it? i appreciate the sentiment. it is almost like, strikes me almost like a snowstorm but this is not going to melt anytime soon the place is
to tell people have confidence in our main industry which is the oil industry while they sell 22% to china and 14% to japan and 1% to india. melissa: doctor, thanks so much for coming on and cutting through all the noise. i really appreciate it. hope you come back soon. >> anytime, melissa. thank you. >> superstorm sandy causing major turbulence for airlines. more than 15,000 flight cancellations are pounding the travel industry. you see why as you see cabbed sub irge ined and...
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Oct 19, 2012
10/12
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you heard some pullback in china. we've seen the stock market the last two days. melissa: yeah. >> overall the real estate market is starting to pick up. when real estate picks up believe it or nnt our economy turns around. keep your eye on the real estate numbers. they're surprising and looking fantastically. melissa: i hear you. job numbers are not great. so many people are unemployed. earnings have been really scary. we expect them to be bad because they have been pretty terrible when you look inside what they're saying. microsoft is saying people aren't buying computers. mcdonald's is saying they're struggling all over the place. people are coming in. same-store sales are down. chipolte saying the same kind of thing. it feels like a bit of a global slowdown is underway. great for gas prices. it is terrible for everything else. >> that's the problem. it is great for gas but terrible for everything else. however, understand cheap crude or cheap gas is a stimulus worldwide. melissa: that's true. >> it immediately goes into all of our pockets. maybe that will help
you heard some pullback in china. we've seen the stock market the last two days. melissa: yeah. >> overall the real estate market is starting to pick up. when real estate picks up believe it or nnt our economy turns around. keep your eye on the real estate numbers. they're surprising and looking fantastically. melissa: i hear you. job numbers are not great. so many people are unemployed. earnings have been really scary. we expect them to be bad because they have been pretty terrible when...
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Oct 25, 2012
10/12
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. >>> china's oil demand hitting a record high. new analysis from platt's says china consumed 9.8 billion barrels of crude in september. that is 9.1% increase from the same period last year. that is good. that means their economy is working. we need that. >>> apple's shares getting squeezed after-hours. the company disappoints on earnings for the third straight quarter. has it become a victim of its own success? >>> plus you're welcome america. california dewatching its jobless claims numbers. we have details how it pulled off the huge screw-up, coming up. ♪ . ♪ . melissa: so as i mentioned apple just releasing disappointing fiscal fourth quarter earnings and its conference call is currently underway but we took adam shapiro off the call to tell us what is going on. adam, what is the latest? >> the big headline a lot of people are talking about, melissa, the 14 million ipads they sold in the fourth quarter. third quarter they sold 17 million. this was a miss. we heard tim cook say somewhere around 15 million when talking about
. >>> china's oil demand hitting a record high. new analysis from platt's says china consumed 9.8 billion barrels of crude in september. that is 9.1% increase from the same period last year. that is good. that means their economy is working. we need that. >>> apple's shares getting squeezed after-hours. the company disappoints on earnings for the third straight quarter. has it become a victim of its own success? >>> plus you're welcome america. california dewatching...
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Oct 22, 2012
10/12
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. >> treasury department has been very reluctant to call china a currency manipulator. this is topic we discuss on this net work quite often. do you personally believe china nip lates its own currency to its advantage? >> yes i do. they have been doing it quite sometime. saying it explicitly at a time when we're borrowing so much money from them is the best interest the united states or not. they have allowed to currency to because of their own domestic situation wanting to keep inflation under control. this is perfect example of yes, they're manipulating their currency. the best way to do something about that, say the obvious which they're doing that, become less dependent upon borrowing money from the chinese. if the chinese right now said, hey, we don't like the fact you're making these assertions we'll not lend you money anymore, that would cause interest rates we have to pay to borrow money to go up maybe substantially that would not be in the best interest of the american economy. the best way for us to have forthright candid relationship with china is become less
. >> treasury department has been very reluctant to call china a currency manipulator. this is topic we discuss on this net work quite often. do you personally believe china nip lates its own currency to its advantage? >> yes i do. they have been doing it quite sometime. saying it explicitly at a time when we're borrowing so much money from them is the best interest the united states or not. they have allowed to currency to because of their own domestic situation wanting to keep...
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you paid $54,000 for solar panels from china because there were cheaper. >> hi. thank you so much for having me. that is correct. i have a need for a lower cost option. the american solar modules the usually take advantage of, they were not available at that particular time and i need to look elsewhere. i placed a single oral low over 54,000. melissa: of it were not even available. it's not like you even had a choice. you have orders you have to fill. your in hawaii. you look to asia. how long was it before you found out that something was wrong? >> well, there was a complaint that was lodged back by one of the american -- actually, german based solar manufacturers that as a facility in oregon back in october last fall, and i was aware of this action pending essentially but when i placed my order and when i receive it in early march there was not yet any determination or any announcement from the department of commerce regarding the tariffs. so after i received my order in early march, that is when the hammer started to fall. late march and then again in may. mel
you paid $54,000 for solar panels from china because there were cheaper. >> hi. thank you so much for having me. that is correct. i have a need for a lower cost option. the american solar modules the usually take advantage of, they were not available at that particular time and i need to look elsewhere. i placed a single oral low over 54,000. melissa: of it were not even available. it's not like you even had a choice. you have orders you have to fill. your in hawaii. you look to asia. how...
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Oct 23, 2012
10/12
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it is about the middle east and about china and india, those types of places. but the most, in the u.s., it is about the u.s. economy and the fiscal deficit. melissa: yeah. you were talking about the survey you put together. 5.7 million active accounts that you see. what are people, how are they reacting to that uncertainty? are they keeping money set in one place. are they keeping bets but they're safer ones? >> we're continuing to see the way their invest sentiment and what they're actually doing. melissa: oh really? >> more active investors are participating in the market, in the ways that they do. they go in and out. but the long-term investor and ra are definitely more conservative stance. a fair bit move money on the sidelines a lot of money in risk-free assets. they're taking a fairly conservative stance based on the unprecedented uncertainty. melissa: you said that it is all about the economy and the president put forward his 20 page plan i think on the economy, the main points being education and training, clean energy, and raising taxes on the wealthy
it is about the middle east and about china and india, those types of places. but the most, in the u.s., it is about the u.s. economy and the fiscal deficit. melissa: yeah. you were talking about the survey you put together. 5.7 million active accounts that you see. what are people, how are they reacting to that uncertainty? are they keeping money set in one place. are they keeping bets but they're safer ones? >> we're continuing to see the way their invest sentiment and what they're...
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Oct 11, 2012
10/12
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china has more than 1500 listed missiles aimed at the tiny isnd of taiwan. it won't matter if you have a couple minutes of extra nototice the 1500 nukes winning at your doorstep. melissa: okay, let's squeeze in one more here. a spontaneous missile explosion in russia. listen to this.
china has more than 1500 listed missiles aimed at the tiny isnd of taiwan. it won't matter if you have a couple minutes of extra nototice the 1500 nukes winning at your doorstep. melissa: okay, let's squeeze in one more here. a spontaneous missile explosion in russia. listen to this.
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and we're borrowing from china to give it egypt and libya. does that make any sense? >> i don't think it makes any sense at all. you can make a case when there are specific national security interests that you want to defend. arguably in a situation like libya where you have the government that is trying to be pro-american and yet is fledgling maybe you would want to help support them. but clearly it me in a case like egypt where the government is against u.s. interests you wouldn't do that. this is to me another great example why you don't want the government making these kind of decisions. no private sector company would ever take an investment strategy without having a plan for where's the money going to go, how does it meet our needs, what are the goals an objectiontives? when you look at agency like this, here's a check. here is almost half a billion dollars. the money can be untraceable once it hits the egyptian economy. melissa: you have a lot of experience in this area. former director of strategy for the white house homeland security council. you've been doin
and we're borrowing from china to give it egypt and libya. does that make any sense? >> i don't think it makes any sense at all. you can make a case when there are specific national security interests that you want to defend. arguably in a situation like libya where you have the government that is trying to be pro-american and yet is fledgling maybe you would want to help support them. but clearly it me in a case like egypt where the government is against u.s. interests you wouldn't do...
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Oct 19, 2012
10/12
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and people that manufacture a prodt for the global marketplace are not going to compete with china because th have been building a new coal fi the power plant every week for years, 4 cent kilowatt-hour. ma'am, in the pjm interconnection where the utilities sell incremental power costs the power cost for 2015, 2016, are up 800%. is destroying low cost electricity in america. for his constituents. melissa: how do you know mitt romnewill be a true friend of coal? he is obviously alleging the opposite? >> well, i have spent a great deal of time with governor romney. he gets it. he is a friend of the coal miner. but, remember, those were 500 miners that signed that letter to obama, saying stop lying, and they also said, in the letter, that was a great day an w were honored to have him a friend of coal. the miners know. melissa: robert muay, thank you so much for coming on your show. here is our question of the day. how big a role do you think energy policy will play in the outcome of the election? we want to hear what you think. you can like us on facebook.co facebook.com/melissafransfox or fol
and people that manufacture a prodt for the global marketplace are not going to compete with china because th have been building a new coal fi the power plant every week for years, 4 cent kilowatt-hour. ma'am, in the pjm interconnection where the utilities sell incremental power costs the power cost for 2015, 2016, are up 800%. is destroying low cost electricity in america. for his constituents. melissa: how do you know mitt romnewill be a true friend of coal? he is obviously alleging the...
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Oct 26, 2012
10/12
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india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar count ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishare 8 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost bubuilding blocks to help you keep more of what you earn. call your advisor. visit ishares.m. ishares. ishares. yeah, ishares. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. melissa: unless you live under a rock you know we need more jobs in this country and fast. we all know the president loves grope jobs and why not? the brand new report from the labor department shows that $500 million in stimulus fund have been totally wasted on the government's green jobs training act. he is laughing already next to me. i can't take it any
india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar count ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishare 8 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost bubuilding blocks to help you keep more of what you...
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Oct 17, 2012
10/12
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what kind of energy independence is that if it goes to china? melissa: oil and energy is fungible. any barrel of gasoline produced in the u.s., gallon of gasoline, whether here, there, frees up a barrel to be sold here. oil, it goes where it goes and price is sort of settled that way. even if it is not used here it still lowers the price for us here in the u.s.? >> well it is a global economy. so you can't just separate u.s. oil. melissa: right. >> but when you get down to the fight we have, it is in texas statutes. we're saying transcanada has the right to build their pipeline but they just don't qualify as a common carrier and they can't take land from those of us landowners who don't want a pipeline on our place. if my neighbor wants it that's fine. we don't want it on our place and you can't take our land for that. melissa: i certainly hear you on that front. it is a very sticky issue. i understand transcanada offered you $5,000 at first. then they increased offer of $21,000 for two acres of your land. you took them to court. the court ruled they have to only give you $10,395.
what kind of energy independence is that if it goes to china? melissa: oil and energy is fungible. any barrel of gasoline produced in the u.s., gallon of gasoline, whether here, there, frees up a barrel to be sold here. oil, it goes where it goes and price is sort of settled that way. even if it is not used here it still lowers the price for us here in the u.s.? >> well it is a global economy. so you can't just separate u.s. oil. melissa: right. >> but when you get down to the fight...
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Oct 24, 2012
10/12
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i see a world bursting with opportunities india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 8 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advir. visit ishares.com. ishares. ishares. yeah, ishares. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >> kbul let's cost $5,000. $5,000 for a bullet. you know why? because if a bullet costs $5,000 there will be no more innocent bystanders. melissa: one chicago official agrees with that. she wants to tax the sale of every bullet to cut down on crime. we're talling about extra five cents for bullet sold and extra $25 for every gun. n
i see a world bursting with opportunities india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 8 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost...